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Displaced Moving Average Channel
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=73004
Forum: 17 · Topic 73004 · 1 post(s)
Displaced Moving Average Channel
Apprentice · Mon Dec 05, 2022 7:57 am
The Displaced Moving Average Channel (DMA) indicator is a combination of two moving averages calculated on the high and low of a set time period back which are displaced forward or backward with the center highlighted as a central channel.
This indicator can be used as a support or resistance as some moving averages are typically used as well as a tiny measure of recent volatility by looking at the spread between the top and bottom moving averages.
The Displaced Moving Average channel indicator was coded by Jamie Dubauskas and was inspired by Philip Erlanger’s whitepaper. http://216.92.126.123/wpDMA1.htm